Good oil: Rising health consciousness has encouraged consumers to change preferences

The Edible Oils Manufacturing industry has moderately grown over the past five years. Rising demand for premium products, such as extra-virgin olive oil, has supported industry revenue growth over the past five years. However, the industry has faced increasing pressure from supermarket private-label brands, imports and substitute products over the period. Industry revenue is expected to increase at an annualised 4.6% over the five years through 2018-19, to be worth $459.8 million. This performance includes an expected rise of 0.8% in the current year.Consumer tastes and trends have changed over the past five years. In line with growing health consciousness, many consumers have made efforts to avoid fats and oils in their food, limiting demand for edible oils...read more.

Industry Statistics & Market Size
Revenue
$460m
Annual Growth 14-19
4.6%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
342
Businesses
36
Market Share of Companies

Industry Threats & Opportunities

  • Rising demand for premium products, such as extra virgin olive oil, has supported the industry
  • The trade of edible oils is volatile, moving according to fluctuations in production and demand
  • Niche oils, such as coconut, truffle and avocado oil, are forecast to become more popular

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    Industry Report - Starting a New Business Chapter

    The Edible Oils Manufacturing industry exhibits high barriers to entry, and these have remained relatively steady over the past five years. Industry operators require sophisticated crushing and extracting machinery to process edible oils from fruits, grains and other agricultural produce. Consequently, potential entrants would need to invest heavily in automated machinery to produce edible oils on a commercial scale. In addition, potential entrants would face an industry with growing competition from private-label brands and imports.Changing consumer tastes and trends have allowed some scope for potential new players that produce niche oils, such as peanut oil, to enter the industry. Com...purchase to read more.

    Additional Insights for the Edible Oils Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Edible Oils Manufacturing are:

  • Upstream vertical integration (ownership links)
  • Access to high-quality inputs
  • Ability to quickly adopt new technology

    • IBISWorld analysts also discuss how external factors such as Domestic price of fats and oils and Per capita fat consumption in the Edible Oils Manufacturing industry impact industry performance..

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    Industry Products

    What is the Edible Oils Manufacturing Industry?

    Industry players manufacture plant-based oils for immediate use or for use in cooking. Industry companies purchase their products from upstream growers or may grow their own grains or oilseeds. Industry players include those manufacturing private-label oils.

    Industry Products
  • Olive oil
  • Blended oil
  • Canola oil
  • Other oils
    • Industry Activities
  • Canola oil production
  • Vegetable oil production
  • Peanut oil production
  • Olive oil production
  • Sunflower oil production
  • Coconut oil production
  • Rice bran oil
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Domestic price of fats and oils
  • Per capita fat consumption
  • Demand from cafes, restaurants and takeaway food services
  • Demand from supermarkets and grocery stores
  • Demand from grain growing
  • Real household disposable income

    • Current Performance
  • Private-label pressures
  • Shifting preferences
  • Trade influences
  • Profitability and structure
  • Chart: Revenue Growth

    • Industry Outlook
  • Consumption trends
  • Import competition
  • Downstream markets
  • Profitability and structure
  • Table: Edible Oils Manufacturing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Edible Oils Manufacturing Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • General Line Grocery Wholesaling
  • Supermarkets and Grocery Stores
  • Restaurants
  • Cafes and Coffee Shops

    • Key Selling Industries
  • Citrus Fruit, Nut and Other Fruit Growing
  • Grain Growing

    • Products & Services
  • Olive oil
  • Other oils
  • Canola oil
  • Blended oil
  • Chart: Edible Oils Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Retailers
  • Wholesalers
  • Food-service establishments
  • Export markets
  • Chart: Major Market Segmentation for the Edible Oils Manufacturing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Edible Oils Manufacturing

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Edible Oils Manufacturing Industry

    • Industry Globalization

    Major Companies

    GrainCorp Limited, Boundary Bend Limited, Peerless Holdings Pty Ltd,
  • Table: GrainCorp Limited - financial performance
  • Table: Boundary Bend Limited - financial performance
  • Table: Peerless Holdings Pty Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Edible Oils Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Edible Oils Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Cold-Pressed
  • An oil extraction technique that does not use heat or chemicals. Oil is physically squeezed from the oilseed or plant (such as olives).
    • Food Standards Australia New Zealand
  • The agency responsible for developing and administering requirements for food safety and labelling in Australia and New Zealand.
    • Private-Label Products
  • A product purchased from a contracted manufacturer by a retailer or supplier, and sold under the brand name of the retailer or supplier, not the manufacturer.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Edible Oils Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Edible Oils Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Edible Oils Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Edible Oils Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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